SPACEX DEAL TO ACQUIRE SPECTRUM LICENSE HAMMERS SHARES OF AT&T, VERIZON AND T-MOBILE SpaceX announced an agreement on Thursday to purchase a nationwide spectrum portfolio as it pushes its Starlink service deeper into the U.S. telecommunications market. Shares of AT&T, Verizon and T-Mobile tumbled in extended trading. The deal involves the acquisition of a spectrum portfolio from Grain Management, which specializes in digital infrastructure, and is subject to approval by the Federal Communications Commission. SpaceX said in a statement that it's a "license portfolio of up to 14 megahertz of paired spectrum in the 800 MHz band." "This prime low-band spectrum addresses one of the key remaining technical gaps that will pave the way for Starlink Mobile to become a major mobile carrier in the US," SpaceX said. Full article: https://www.msn.com/en-us/money/markets/spacex-deal-to-acquire-spectrum-license-hammers-shares-of-at-t-verizon-and-t-mobile/ar-AA2dQQFZ?ocid=BingNewsSerp